Attached files
| file | filename |
|---|---|
| S-1 - S-1 - Station Casinos LLC | a2210358zs-1.htm |
| EX-5.1 - EX-5.1 - Station Casinos LLC | a2210358zex-5_1.htm |
| EX-23.1 - EX-23.1 - Station Casinos LLC | a2210358zex-23_1.htm |
| EX-25.1 - EX-25.1 - Station Casinos LLC | a2210358zex-25_1.htm |
Exhibit 12.1
Station Casinos LLC
Computation of Ratio of Earnings to Fixed Charges
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Successor |
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Predecessors |
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Station Casinos LLC |
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Station Casinos, Inc. |
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Green Valley Ranch Gaming, LLC |
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Three Months |
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Period From |
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Period From |
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Year Ended |
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Year Ended |
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Year Ended |
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Period From |
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Period From |
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Period From |
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Year Ended |
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Year Ended |
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Year Ended |
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Year Ended |
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(in thousands) |
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(in thousands) |
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Consolidated pretax income (loss) from continuing operations |
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$ |
8,920 |
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$ |
(20,138 |
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$ |
3,249,550 |
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$ |
(587,438 |
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$ |
(1,593,498 |
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$ |
(3,649,845 |
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$ |
(364,636 |
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$ |
(72,991 |
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$ |
626,364 |
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$ |
(91,640 |
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$ |
(17,542 |
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$ |
(23,194 |
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$ |
25,403 |
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Losses (earnings) of equity investees |
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545 |
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(1,533 |
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(16,397 |
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(315,204 |
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(168,445 |
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(30,623 |
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1,132 |
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10,744 |
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— |
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— |
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— |
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— |
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— |
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Fixed charges (see below) |
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52,185 |
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97,119 |
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49,753 |
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122,582 |
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300,714 |
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417,880 |
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65,946 |
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223,379 |
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20,876 |
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49,103 |
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52,425 |
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56,204 |
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57,195 |
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Distributed income from equity investees |
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546 |
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794 |
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1,118 |
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2,419 |
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1,897 |
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2,598 |
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414 |
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12,943 |
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— |
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Capitalized interest |
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(1,286 |
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(2,155 |
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(2,939 |
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(10,078 |
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(15,989 |
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(27,087 |
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(3,083 |
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(16,309 |
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— |
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Earnings |
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60,910 |
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74,087 |
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3,281,085 |
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(787,719 |
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(1,475,321 |
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(3,287,077 |
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(300,227 |
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157,766 |
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647,240 |
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(42,537 |
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34,883 |
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33,010 |
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82,598 |
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Interest expense (a) |
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49,620 |
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92,299 |
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43,294 |
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104,582 |
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276,591 |
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379,313 |
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61,276 |
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197,370 |
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20,582 |
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48,644 |
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51,916 |
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55,032 |
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56,104 |
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Capitalized interest |
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1,286 |
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2,155 |
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2,939 |
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10,078 |
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15,989 |
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27,087 |
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3,083 |
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16,309 |
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— |
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Estimated interest within rental expense |
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1,279 |
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2,665 |
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3,520 |
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7,922 |
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8,134 |
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11,480 |
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1,587 |
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9,700 |
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294 |
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459 |
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509 |
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1,172 |
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1,091 |
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Fixed Charges |
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52,185 |
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97,119 |
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49,753 |
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122,582 |
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300,714 |
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417,880 |
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65,946 |
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223,379 |
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20,876 |
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49,103 |
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52,425 |
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56,204 |
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57,195 |
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Ratio of Earnings to Fixed Charges (c) |
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1.2 |
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66.0 |
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31.0 |
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1.4 |
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Excess of fixed charges over earnings (in thousands) |
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— |
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23,032 |
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— |
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910,301 |
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1,776,035 |
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3,704,957 |
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366,173 |
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65,613 |
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— |
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91,640 |
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17,542 |
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23,194 |
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— |
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(a) Interest expense includes amortization of debt discount and debt issuance costs.
(b) Interest within rental expense is estimated to equal approximately one-third.
(c) No ratio is shown for periods where earnings were inadequate to cover fixed charges